Opinions are mixed regarding the impact of letting some of the Fed’s novel lending programs lapse at year-end.
With colleges and universities suffering from Covid-19, debt-supported student housing struggles.
Analysts tracking the $3.9 trillion muni-bond market are bracing for a return of volatility.
State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown.
The lack of progress on stimulus has helped drive up benchmark municipal yields since August, an analyst said.
Colleges for years have been turning to private companies for student housing.
This year, more than 50 municipal-bond issues worth $5 billion have defaulted.
Cash-flush toll road systems can provide a tax-advantaged source of investment income.
About two-thirds of cities reported delaying or canceling infrastructure and capital spending since the pandemic started.
UBS specifically warns about bonds from higher education and health care issuers.